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Jeremy Haft

Entries by Jeremy Haft

Why Trump Is Wrong About China, China, China

(74) Comments | Posted October 1, 2015 | 8:03 PM

After the devaluation of the yuan and the dive in China's stock exchanges, the blowback on American markets and the presidential candidates lining up to blame China, President Xi Jinping may be wishing he'd booked his visit for another time. But now is the perfect opportunity to set the record straight. The...

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China, the Economic Pipsqueak

(72) Comments | Posted May 1, 2015 | 9:38 AM

How many times a day do we hear that China is the world's second largest economy? Or even that China has already knocked the United States from the top perch?

Just because something is said a lot doesn't make it true.

The first problem is we use...

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Bashing China Won't Bring the Jobs Back

(45) Comments | Posted July 30, 2012 | 6:08 PM

Imagine if China's politicians were hell bent on browbeating Ben Bernanke. Do you think any amount of speechifying would get the Fed to move a single centimeter on monetary policy? Of course not. The Fed acts according to what it sees is in America's best interests.

So from a diplomatic...

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China Myopia

(29) Comments | Posted July 25, 2012 | 7:05 PM

The way politicians and pundits see China today reminds me of that little warning etched in the rear view mirror, "Objects may appear closer than they are." Peering through our rear view, China looms like it's tailgating us -- strengths magnified, weaknesses minimized, and economic fundamentals distorted.

So whether it's...

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Why Rattner's Wrong on China

(0) Comments | Posted July 16, 2012 | 10:38 AM

In an emotional NYT op-ed on Wednesday, Steven Rattner defends the strength of China's economy. But he's wrong. And not for the reasons set forward by the "pessimists-lite" crowd he rebuts. He's wrong because he's using macro-economic indicators to make his point. China's "extraordinary" investment rate of 48%...

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Who's Afraid of China?

(15) Comments | Posted October 2, 2009 | 10:21 AM

We are, and so are the Japanese. But for all the wrong reasons. Today's New York Times tells a story of how China's economy will soon overtake Japan's -- and by implication ours. It ends with a peal of doom: "China," says a Japanese think tanker, "is about to...

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Don't Misread Iran and China

(14) Comments | Posted September 30, 2009 | 12:38 PM

Actually, Iran's rise is really bad news for China. China's economy can't grow without oil. And most of China's oil is imported. Its top oil source is Saudi Arabia. Its second is Iran. The only way the oil can get to China by sea is through the Persian Gulf into...

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Peanut Corporation of Shijiazhuang

(1) Comments | Posted January 28, 2009 | 7:20 AM

You'd think the Peanut Corporation of America was headquartered in China. They discovered salmonella twelve times over the past two years at a Georgia plant, yet they chose to ship out contaminated peanut butter regardless. Sounds a lot like the Chinese dairy company Sanlu that knowingly sold melamine-laced milk powder....

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In the Dangerous Kitchen

(0) Comments | Posted January 26, 2009 | 8:59 AM

America is in dire peril when it comes to our food and drug supply. We're connected in one long chain with China, yet neither of us can effectively police quality. In the U.S., the FDA's mission is still reactive. With food, it lurches from outbreak to outbreak but hasn't the...

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Exports Alive and Well

(0) Comments | Posted December 11, 2008 | 8:38 AM

Today's Washington Post tried to snuff the one bright spot in the economy -- U.S. exports to China. This couldn't be farther from the truth.

Some U.S. exports have slowed, sure. Especially raw materials that we send to China for fabrication into the products that we then import again. So...

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And Now Melamine Sex Toys

(2) Comments | Posted October 21, 2008 | 9:01 AM

Edible body pens and chocolate lotion imported from China were found by British regulators to be contaminated by melamine and removed from the shelves. The moral? Think Global, Shag Local?

Well, that won't make you safer. This Milk Crisis is far from over. The problems that give rise to China's...

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Why Chinese Babies are Dying

(3) Comments | Posted September 22, 2008 | 1:50 PM

We blame bad regs for China's melamine myopia. This isn't the problem. China lags centuries behind the West when it comes to corporate governance.

With Wall Street in full melt down, it's easy to forget that most American companies are governed pretty well -- meaning, they, by and large, don't...

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The Great Firewall of China

(11) Comments | Posted August 7, 2008 | 9:22 AM

Why do the Chinese think the world loves them when they don't? Blame the Internet firewall. Or so a misguided Op-Ed in the Washington Post this morning would have us believe.

At issue is a recent Pew Global Attitudes Survey. According to the poll, the Chinese are the most...

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Olympic Protests: A Second Look

(3) Comments | Posted August 6, 2008 | 12:35 PM

If real human rights reform in China is what you want, then castigating the Chinese on the world stage isn't too productive. Mainly because it impedes the very real and dramatic progress that is actually being made on the ground.

China wages reform through test balloons. With the economy, it...

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Olympic Security and the Media

(5) Comments | Posted July 22, 2008 | 12:04 PM

Two city buses exploded Monday morning in southwest China during the rush hour. The authorities think they can tamp down on such violent protest during the Olympics, but they've got another thing coming.

Even with a staggering 100,000 police officers deployed on the streets to keep order for the Games...

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Why The Games are Good for the Environment

(5) Comments | Posted July 21, 2008 | 12:10 PM

"China has an even dumber energy policy than we do," said the U.S. Ambassador to both China and Saudi Arabia, Chas Freeman, at a recent talk in D.C. But the Olympics are changing that for the better. The Games will have a lasting impact on how China consumes energy.

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America's Economic Edge -- and the Olympics

(2) Comments | Posted July 15, 2008 | 12:29 PM

My last two postings were based on a premise which had folks asking me what part of my duodenum I extracted it from.

The gist -- that American industry and labor have a significant competitive edge over China that we tend to overlook. And that we have this edge...

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Sichuan Earthquake Silver Lining

(0) Comments | Posted July 10, 2008 | 8:26 AM

As the Chinese recover from the aftermath of the devastating earthquake, it's worth remembering that they can't rebuild Sichuan province alone. They need America's help.

In the months to come, China's central and provincial governments will spend billions to remake hospitals, communication and power networks, roads and infrastructure, dams and...

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Our Enduring Competitive Edge

(7) Comments | Posted July 7, 2008 | 7:32 AM

What could be reassuring about killer Chinese toothpaste, toys and tires? Hard to believe, but there's a silver lining. The rash of product recalls reveals that China is not the manufacturing juggernaut we fear -- and that America has an edge we tend to overlook.

Sure, greed factors into why...

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